ING Group (ING) reported the completion of the sale of its 70%-stake in ING Funds Berhad, ING's investment management business in Malaysia, to Kenanga Investors Berhad, an unit of K & N Kenanga Holdings Berhad.
The sale, as announced on December 21, 2012, is part of ING's earlier announced process to divest ING's insurance and investment management businesses. The company said this transaction does not have a material impact on its results and does not impact its other businesses in the region.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.